Asset quality of the country’s third largest private sector lender by market price improved. The lender’s gross non-performing assets as a percentage of total advances came in at 2.55 per cent within the July-September period, as against 2.70 per cent within the previous quarter.
Total gross NPAs stood at ₹ 5,335.95 crore, as against 5,619.33 crore within the previous quarter.
Non-specific provisions towards advances (including standard and COVID-19 provisions) were at 177 per cent of net NPAs, it said during a handout .
At 1:56 pm, the Kotak Mahindra Bank stock traded 0.76 per cent lower at ₹ 1,372.50 apiece on the BSE, as against a 1.44 per cent decline within the S&P BSE Sensex index amid a broad-based selloff.
